Thursday, February 7, 2008

Virtual Office, $7425. SPX, +9.30, 1339.20.

Misstrade, $4900 on 1400 shares traded.
Dehtrader, $1882 on 4680 shares traded.
Me, $1361 on 17,800 shares traded.
Sanglucci, $580 on 35,600 shares traded.
OBAT, $546 on 11,200 shares traded.

Denarii, $149 on 1200 shares traded.
Wincity, $8 on 200 shares traded.
Retardo, no trades.
Tim Sykes, no trades.
Evolution, -$2001 on 54,400 shares traded.

I wish I could say more about the day in general, but the truth is, I traded until 11:00am and split for a few hours. So I have no idea what that midday rally was all about. I caught some shorts in the afternoon, but traded cautiously.

Volume was pretty good today as we traded 1.75 billion shares on the NYSE. The VIX declined a little.

I thought the bulls showed some gumption when they bought the market at 3:00. I really thought we were going back to the lows.

What this tells me is that we could expect these types of trading battles going forward. The market is neither high enough for the bears to take it down hard, nor low enough to create explosive rallies. We may just be in a trading range now waiting for a catalyst to make the market move. As long as we have volume, that's fine by me.

Anyway, the VO had a pretty good day... we would have had a great day except Evolution completely fucked us up. Damn prop traders... they're all gamblers really. Also, it was good to see OBAT come back from the hosing he took yesterday.

6 comments:

Sanglucci said...

DT man I'm gettin way too ahead of myself.... I keep thinkin I'ma come in here and make sick sick money and I know I can but I forget to focus on keeping it... I've been trying the trailing stop thing like if I get below a level I'll stop... but I never fuckin do that shit. In any case guys some advice would be alrite cause I was up 2G today and pissed it all away... What a herb...

Sanglucci said...

I gave all my gains back in MER and fucking LEH....

The Lonely Trader said...

Looks like Timmay and Retard got a room...

Dinosaur Trader said...

Sanglucci,

I know a lot of traders set up and down limits for themselves... I've never had enough discipline for that, but normally if I do something stupid and give back half my gains I at least cut my size. That way, if I give the rest back too, at least it happens slower.

-DT

EquineTrader said...

Hey,

My name is Paige and I've been blogging about my trading for a few months now. I keep a record of my daily trades at my blog http://equinetrader.blogspot.com
How do I become part of the virtual office? Also can you link to my blog? I will add a link of yours to mine. Thanks!

Dinosaur Trader said...

Equine,

Entering the VO is an arduous process that involves hazing and large fees.

Retardo paid $20,000 to get in however, most pay only $10,000. However, since you'd be breaking the VO "gender barrier" I'll take $2,000 off.

Let me check your blog...

-DT